|₹42.2 / ₹4.83
Incorporated on 1 Nov. '91, Redex Protech was promoted by Rajendra D Bhagat, Vikram D Bhagat and G R Bhagat. The company is engaged in the manufacture of automatic fire extinguishing systems. The company came with a public issue in Jun. '92 to part-finance the cost of the project to manufacture fire fighting systems. It made a breakthrough in designing and installing a new concept in the fire fighting industry -- the introduction of fire detection systems for heavy earthmoving machineries for coal mines. The company has decided to go in partly for backward integration and partly for expansion to manufacture dry chemical powder foam and hose pipes. The production of DCP, foam and hose pipes will be marketed primarily in the domestic market.